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<p>Monterey Hills condo and townhome inventory is almost non-existent in January. Two new condos came up on the market and two condos closed escrow. Only one townhome is available for sale on the hill.</p>
<p>Considering there are 21 condo complexes with close to 1,800 condo and townhome units, the supply of condos isn't quite there. The demand is not quite there as well with price per square foot falling to $277.</p>
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<p>It'll be interesting to track the developments on the hill over the next few months. In the meantime, here're Monterey Hills statistics for the last three months:</p>
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